About Equity Credit Union
Equity Credit Union Inc. is a small member-owned Ontario credit union founded in 1943 as the Lever Brothers (later Unilever) Employees Credit Union in Toronto. It converted to an open-bond credit union in 2002, took the Equity name in 2004, and relocated to Ajax in 2010, where it operates from a single office offering no-fee chequing, savings, GICs, mortgages and loans.
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Open a membership at the Ajax office and purchase a membership share.
Deposit protection: Financial Services Regulatory Authority of Ontario
prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019
Current top rates
rates confirmed as of 2026-10-14| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.70% |
| 2-year GIC | 3.90% |
| 3-year GIC | 4.00% |
| 4-year GIC | 4.10% |
| 5-year GIC | 4.15% |
Base ladder rates. Institution may have more term rates below.
Rate history builds here as we track this institution's rates over time.
Term deposit rates
— not stated on siterates confirmed as of 2026-10-14Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 30–364 days | Non-reg | N | — | At maturity | $1k+ | 0.80% |
| Long-term — 1 year + | ||||||
| 1 year | RRSPRRIF | N | — | At maturity | — | 3.70% |
| 1 year | FHSA | N | — | At maturity | $1k+ reg | 3.50% |
| 2 years | RRSPRRIF | N | — | At maturity | — | 3.90% |
| 3 years | RRSPRRIF | N | — | At maturity | — | 4.00% |
| 4 years | RRSPRRIF | N | — | At maturity | — | 4.10% |
| 5 years | RRSPRRIF | N | — | At maturity | — | 4.15% |
| GICs, TFSA'sNon-redeemable · paid at maturity · $1k minimum | ||||||
| 1 year | Non-regTFSA | N | — | At maturity | $1k+ | 3.70% |
| 2 years | Non-regTFSA | N | — | At maturity | $1k+ | 3.90% |
| 3 years | Non-regTFSA | N | — | At maturity | $1k+ | 4.00% |
| 4 years | Non-regTFSA | N | — | At maturity | $1k+ | 4.10% |
| 5 years | Non-regTFSA | N | — | At maturity | $1k+ | 4.15% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-14Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | Daily Interest - Quarterly % Payment | Daily | Quarterly | — | 0.30% |
| Savings | Regular Savings - Semi-Annual % Paid on Minimum Monthly Balance | Monthly | Semi-annually | — | 0.30% |
| HISA | High Interest Savings Account - Calculated daily and paid monthly | Daily | Monthly | — | 2.50% |
| Junior | FATCAT Account - Quarterly % Payment | Daily | Quarterly | — | 0.75% |
| Junior | HEADSTART Account - Quarterly % Payment | Daily | Quarterly | — | 0.75% |
| USD | US $ Savings Account – Semi-Annual % PaymentUS$ | Daily | Semi-annually | — | 0.10% |
| RRSP | |||||
| RRSP | RRSP & RRIF Investments RRSP & RRIF Daily Interest Variable | Daily | Quarterly | — | 2.05% |
| RRIF | |||||
| RRIF | RRSP & RRIF Investments RRSP & RRIF Daily Interest Variable | Daily | Quarterly | — | 2.05% |
| TFSA | |||||
| TFSA | TFSA Account - Semi-Annual % Payment | Daily | Semi-annually | — | 2.05% |
| FHSA | |||||
| FHSA | FHSA Account - Calculated daily and paid monthly | Daily | Monthly | — | 2.05% |
No rates match these filters.
Mortgage rates
rates confirmed as of 2026-10-14Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Open | No | 7.50% |
| 1-year | Fixed | Closed | No | 5.40% |
| 2-year | Fixed | Closed | No | 5.40% |
| 3-year | Fixed | Closed | No | 5.50% |
| 4-year | Fixed | Closed | No | 5.55% |
| 5-year | Fixed | Closed | No | 5.60% |
| No set term | Fixed | Closed | No | 8.00% |
| 5-year | Variable | Closed | No | 5.70% |
| No set term | Variable | Convertible | No | 7.45% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| Home Equity Line Of Credit – 1st Mortgage | 6.20% |
| Home Equity Line Of Credit – 2nd Mortgage | 7.45% |
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